A new survey by Hong Kong-based cryptocurrency exchange Huobi Global reveals that two dog-themed memecoins are among the most popular crypto assets in the US.
The study, which polled 3,144 US adults, shows that Bitcoin (BTC) is the most popular cryptocurrency in the country with over 83% of the sample size responding that they’ve heard of BTC.
Dogecoin (DOGE) comes in at number two with 54.10% of survey respondents saying they have heard of the leading memecoin. Ethereum (ETH) takes the third slot followed by Dogecoin competitor Shiba Inu (SHIB).
The survey also looks at the biggest concerns stopping the respondents from participating in the crypto markets.
Fifty-two percent say that they are “not knowledgeable enough to invest,” while 42% say that investing in cryptocurrencies is too risky.
Meanwhile, 34% claim the lack of regulatory clarity on digital assets is keeping them from investing in crypto assets.
Lack of sufficient capital is also a concern for 25% of the respondents.
The survey also explored the respondents’ views on the future of the cryptocurrency industry.
According to the survey, 19% say that the cryptocurrency industry will transform the definition of money.
On the other hand, 23% say they are not confident about the future of the crypto industry and think it is all a “scam/bubble” that is “going to collapse.”
Per the survey, 16% believe that the crypto industry will “grow, but not by much.”
Read the full report here.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/KDdesignphoto/Jackie Niam/Vladyslav Severyn